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Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Why Funko Stock Crashed Today

Jeremy Bowman, The Motley Fool
·2 min read
Why Funko Stock Crashed Today

Shares of Funko (NASDAQ: FNKO) were taking a dive today after the toy maker missed earnings estimates in its third-quarter earnings report, and its guidance called for flat growth in the key holiday quarter. Revenue growth from the maker of POP figurines was actually strong, rising 36.6% to $365.6 million, with solid growth in all regions and categories. Management also slashed its full-year earnings per share guidance from $1.88 to $1.99 to just $0.85 to $0.95, implying earnings per share of just $0.12 to $0.22 in the fourth quarter.

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